Singapore Retail Sales YoY


Retail sales in Singapore unexpectedly rose 2.0 percent year-on-year in January 2017 from an upwardly revised 0.7 percent increase in December and beating estimates of a 0.5 percent fall. It was the 5th straight month of rise and the fastest since October 2016, driven by a rebound in sales of food & beverages (12.0 percent vs -0.1 percent), petrol (7.1 percent vs -2.2 percent), department stores (3.2 percent vs -0.3 percent) and computer & telecommunications (1.2 percent vs -9.4 percent). Also, sales went up at a faster pace for: motor vehicles (2.1 percent from 0.9 percent), watches & jewelry (4.7 percent from 1.0 percent) and supermarkets (13.0 percent vs 0.8 percent). In contrast, sales fell for: optical goods & books (-8.8 percent vs 0.8 percent), recreational goods (-2.5 percent vs 3.2 percent) and mini-marts (-2.8 percent vs 1.3 percent). On a monthly basis, retail sales fell 1.5 percent, after a downwardly revised 0.8 percent drop in December. Retail Sales YoY in Singapore averaged 1.55 percent from 2010 until 2017, reaching an all time high of 20.10 percent in February of 2012 and a record low of -11.30 percent in February of 2011.


Singapore Retail Sales YoY

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In Singapore, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides the latest reported value for – Singapore Retail Sales YoY – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Retail Sales YoY – actual data, historical chart and calendar of releases – was last updated on March of 2017.